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HomeMy WebLinkAbout2310 t # t F 6. To pe?y all snd singular the coats, charges, expenses and attorney's tees reasotwbly [ncurred os pald at any Wn~ Dy the Mortgagee because ot any defeult as to any stfpulatloo, eg~eement and covenant ot the note and thls Mortga~e, or either, or in any sult or proceeding at law or in eyuity to arhich the Mortgegee aRsll be and become a pacty it? reterence ~ to the MortgegoNa tnterest in the premises herein mortgaged, or in sustaining the llee or prlorlty of Wt Mott~e; the ~ amounts ot sny such costs, cAarges, expenses and tees shsll also be deemed a charee and tndebtedness ~ecured Mreby # and ~ear intereat at the seme rate as the principal indeDtedness. ~ In the event of a detault in any of the covenants of this Morigage, the Mortgsgee b eupn~ssly `lven t1~e rlsht. ~ which may be exercisM at any tlme during the existeace ot any detault and so long es a detault sAall exist. to take posses- ~ sion ot and hold the premises, wttA or witl~out proceas of lsw, and collect end recelve the repts, issues and protlta ~ theretrom, with or without taking poaession ot the premises, and to apply tRe rents. Issues and proIIb to tl~e ptyment ~ ot expenses, charges and amounts due and payable u~der the provisions ot the note and tNs MortgaQe. The Mort~aQor 7 assigns and transfers unto the Mortgagee the rents, issues and proAts ot the pcemise~ tor the putpose doresald. The tak- ~ ing ot possession ot th! premises and the collection of the mnts by the Mortgagee ahaU In no way waive the ri~ht of the Mortgagee to foreclose this 1?torigage because of a detault. And the Mortgagee may, at sny time pending a sult upon thb Mortgage, apply to the Court Aaving iurbdicUun of { such suit [or the appointment of a receiver of all and singutar the premises and tAe rents, iasues and proQ4 thereot. and : thereupon the Court shall torthwith, as a strict matter of rlght tn the Atortgagee, and without constderaUoa of the ` value ot the mortgaged premises as security tor the amounts due the Mortgagee, or the solvency ot atfy pecson or peraons bound for the payment o[ such amounta~ and without notice. eppo[nt a receiver ot all sucA premises with tAe uaual powets • and duties [ncluding the power to rent the premises and to collect the tental themat and theretrom, LA! I'!VlAU! dli~YCd irom said premises to be applied to the proper chnrges and expenses attending the receivership. taxes and as~ea~nenb ~ and other charges agalnst and for the protectfon ot the premi3es, the payment ot the indebtedness secured hereby, or at the Court may otherwise direct. - 8. It the premises, or any part thereo[, is taken or damnged under any power ot emtnent domain or otherwtse. tltas~ whate~•er moneys ahall thereDy become due the Mortgagor are hereby assigned and shall be paid to the Mortgaje~. wl~o. ? after deducting all reasonable costs and expenses which mey t?ave been [ncur~rd by it tn the coUection thereot. aball apply the remainder of Lhe sums received to the payment and satisfactlon o[ the indebtednesa secured Aereby ln full or pro- tanto. Any surplus of such moneys over and above the amounts necessary to pay ln tull all indebtedness hereby ~ecured ~ ahall be paid to the Mortgagor. 4 9. The Mortgagee shall have the right at nny time and fmm time to time, and without notlce to or consent of any person, to release any portion ot lhe premises Irom the lien ot this Mortgsge and to extend the time ot payment ot all or any part ot the lndebtedness, without aBecting or mleasing the personal liabitfty o[ any peraon llable for the payment ot any sum or interest secured hereby and without in anywise altering, varying or dtmintahing the focce, eftect or llen of this Aiortgage on all ot the premises not speciflcally relea~ed troRn the lien o[ tAis Moctgage by the Mortgagee. i ~ ~ 2 ~ 's ~ I ~ ~ ~ ' 1 i i ~ ~ ~ - ~ • The covenants herefn contained shall bMd, and the beneflts and adventages shall inure to, Ne respeMlve hetis. ezecu- s ~ tors. adminlstraWrs, succesgors, and assigns of the partlea hereto. Whenever used, the aingular number shaII Inclnde tbe _ plural, the plural the singular, and the use ot any gender ahall include ell ~enders. It Is intended that tNs Mort~e and ' the note hereby secured are mnde with reference to and :hall be rnnsteved es a Florlda cantract and ~overned bp the ~ Lws thereoL k: ~ ~ IN WITNFSS WHER~OF, the Mortgagor hereln named has hereunto set h(s haM and ~eal the da~ and year lltst § above wdtten. , ~ ~ ~ ~ ~ Signed, Sealed and Delivered : , ~ ln the Presence of: ~ / ~ % . ? / ti~ :r ~ t- / - j,....~ J-.`_ _..._(SEAL) G. V~nce r. , l . 1~.,.~.. .~"L"'"_". ~ 13wG~~CNL~ • . . . . . . Jea~ B. Vance # . ~ _ / .4~~- - - - . . . • ...-•-------------.(SEAL) . i _ ~ ~ ~ ~ ~ . ' . - - - - _ - _ --••(SEAL) ~S . • ~~1 BOOK PAGf ~ '°.i .3'Y....._, ~ _ . ~